Rainbow Foundations rights issue to start from 25 March 2022 and will close on 16 April 2022. The record date is fixed for 11 March 2022. The Rainbow Foundations rights issue entitlement ratio is 8:1, 8 right shares for every 1 fully-paid equity shares held on the record date.
Rainbow Foundations Ltd is a real estate development company that aims to empower Chennai to construct improved structures and to build faith amongst its valuable customers. The company was incorporated in 1994, engaged in both residential and commercial projects. They are developing residential and commercial projects in Tamil Nadu. Their core focus is Smart Home Design, Beautiful Serenity, Exceptional Lifestyle, and Complete Home. They completed Rainbow Darshan, Rainbow Courtyard, Rainbow Paradise, and Rainbow Retreat projects. Their ongoing projects are Rainbow Trade Centre (commercial project), Rainbow Crystal Height, Rainbow Sarala Avenue, Rainbow Adarsh, and Rainbow Girnar (residential projects). Check out Rainbow Foundations’s rights issue details.
Rainbow Foundations Rights Issue Date & Price Band
| Rights Issue Open:|| 25 March 2022|
| Rights Issue Close:|| 16 April 2022|
| Rights Issue Size:|| Approx ₹48.52 Crores |
| Rights Record Date:|| 11 March 2022|
| Price Band:|| ₹11 Per Equity Share|
| Face Value:|| ₹10 Per Equity Share|
| Listing on:|| BSE|
| Entitlement Ratio: || 8:1 (8 rights shares for every 1 shares)|
| Equity:|| 4,41,00,000 Equity Share|
| Live Share Price:|| Click Here|
Rainbow Foundations Rights Issue Time Table
| Rights Record Date || 11 March 2022|
| Deemed Date of Allotment|| 26 April 2022|
| Renunciation of Rights Entitlements|| 11 April 2022|
Rainbow Foundations Rights Issue Form & How to Apply
How to apply the Rainbow Foundations rights issue? You can check Rainbow Foundations rights issue details on click here. You can apply the Rainbow Foundations rights issue via form download on NSE & BSE website where you can download blank forms & submit them to your bank or broker. You can apply online via ASBA or UPI via your Demat account details.
Rainbow Foundations Limited
No. 4, Thanikachalam Road,
T. Nagar, Chennai,
Tamil Nadu – 600017
Phone: +91 44 24344647, 243546